SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (441342)8/11/2003 5:41:45 PM
From: nolimitz  Read Replies (1) | Respond to of 769670
 
re:The "oil crisis" occurred during Carter's administration

Try again. Opec was formed in 1960.
"OPEC continued asserting itself on the world stage and gained greater control of the oil industry. The cartel quadrupled world oil prices from 1973 to 1974 and prices rose significantly again (150%) in 1979 in the wake of the Iranian Revolution."
Nixon 69-74
Ford 74-77
Carter came to office in 77. The Crisis was well under way by then.
Just another history lesson you must have missed.
canadianeconomy.gc.ca